If you are no longer working for an employer, you have the option to roll over, or move, your 401(k), into another retirement planning vehicle.
Some investors may choose to use an IRA, but others may opt to put a portion of their savings into a life insurance policy with cash value.
You can do this before age 59 1/2, and avoid the additional 10 percent tax penalty, by utilizing an exception to Rule 72(t) of the IRS tax code, involving IRA, funds.

To learn more, visit: https://www.annuityquoteadvisor.com/